Indus Towers rises on getting nod to raise up to Rs 1,500 crore through NCDs
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Indus Towers is currently trading at Rs. 204.25, up by 1.00 points or 0.49% from its previous closing of Rs. 203.25 on the BSE.
The scrip opened at Rs. 202.05 and has touched a high and low of Rs. 205.90 and Rs. 202.05 respectively. So far 68240 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.05 on 26-Nov-2021 and a 52 week low of Rs. 181.15 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 205.90 and Rs. 194.60 respectively. The current market cap of the company is Rs. 55003.66 crore.
The promoters holding in the company stood at 69.00%, while Institutions and Non-Institutions held 29.42% and 1.58% respectively.
Indus Towers has received approval to raise total up to Rs 1,500 crore (Base issue size of Rs 1,000 crore and Green Shoe option of up to an additional Rs 500 crore) in three series through Non-Convertible Debentures (NCDs) on private placement basis. The board of directors at its meeting held on November 25, 2022 has approved the same.
Indus Towers is a telecom tower infrastructure service provider that deploys, owns and manages telecom towers and communication structures, for various mobile operators.
